So what is backing this Bitcoin? Looks like a turnip bubble to me.
You need to understand what money or capital is. Capital is a social relation. Money, used as capital, is a claim over the labour power of others. When billionaires buy up bitcoin, this is what they have in mind. The labour power of those who the state prohibits from the means of subsistence and from the means of production. These people who are prohibited by the capitalist state from the use of resources, the labour potential of these people is owned by capital, and that requires enforcement by the state.
- Forums
- Economics
- Bitcoin Fans Are Firing Away at Jamie Dimon for Calling It a ‘Fraud’
So what is backing this Bitcoin? Looks like a turnip bubble to...
-
-
- There are more pages in this discussion • 42 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
TON
TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online